7 Fintech Startups in Portugal

Consumer trust in banks and traditional finance institutions almost vanished due to the financial crisis. There was a clear opportunity for new disruptive players to change the system and people desired that. But unlike other tech sectors, FinTech startups need to build a strong reputation first: they won’t gain the trust of consumers or enterprises overnight.

$12.21 billion were invested in the sector in 2014. And even though the US leads the way, Europe experienced the highest level of growth, with an increase of 215% (year-on-year). There are some FinTech Startups being born in Portugal, but a few eventually move to the European financial capital, London. Here at PortugalStartups.com you can find a list of them:

1. Switch Payments

Switch enables businesses to accept payments online. Their mission is to empower online commerce by providing the tools necessary to deliver frictionless transactions. From small e-commerce shops to multi-million online platforms, from part-time hobbyists with no technical background to full stack developers, this startup helps businesses in 40+ countries to go global by facilitating the exchange of funds in 150+ currencies.

Web researcher of both serious and odd things. Diving into Entrepreneurship and fascinated by the dynamic startup ecosystem. Content creator and editor at Portugal Startups, and happily living at Startup Pirates' ship.